A company had net income of $222,632 and depreciation expense of $22,408. During the year, accounts receivable
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A company had net income of $222,632 and depreciation expense of $22,408. During the year, accounts receivable and inventory increased by $18,362 and $29,766, empectively, Prepaid expermes and accounts payable decreased by $1,028 and $4,065, respectively. There was also a loss on the sale of equipment of $5,499. How much was the net cash flows from operating activities on the statement of cash flows using the indirect method?
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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